LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced record trading in February in the TTF Natural Gas and JKM LNG (Platts) contracts.

TTF futures and options combined hit an open interest (OI) record of 1.47m lots in February and hit a volume record of 968.69 TWh. TTF options traded at a record 126.38 TWh during the month, including hitting a record 40.58 TWh on February 21, 2019, an increase of 55% compared to the previous single day trading record for TTF from November 2017. Average daily volume (ADV) and OI in TTF futures and options combined are up 47% and 74%, respectively, in February 2019, versus February 2018. ICE reports OI net in line with standard industry practice.

JKM LNG (Platts) futures traded a record 26,552 lots in February and hit an OI record of 30,795 lots on February 28, 2019. ADV and OI in JKM LNG (Platts) are up 395% and 164%, respectively, in February 2019, versus February 2018. JKM LNG (Platts) Average Price Options launched on March 4, 2019, and have become the first ever cleared JKM options. The trade was a Winter 2019 $9 Call for 25 lots.

“Back in February 2010, ICE identified TTF as an emerging natural gas hub. Today TTF has grown into the most liquid European natural gas benchmark, alongside NBP. With its continued record trading activity, TTF has strong potential to become the global natural gas benchmark,” said Gordon Bennett, Managing Director, Utility Markets at Intercontinental Exchange. “JKM LNG (Platts) continues to break new records as one of the fastest growing natural gas benchmarks and the most liquid Asian natural gas benchmark.”

As home to the broadest range of natural gas benchmarks, ICE plays a leading role in providing access to price transparency and data to allow the market to navigate and risk manage the globalization of natural gas and the ongoing transition in energy markets.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC on February 7, 2019.

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20190308005131/en/

ICE
Media Contact:
Rebecca Mitchell
rebecca.mitchell@theice.com
+44 7951 057351
media@theice.com
or
Investor Contact:
Warren Gardiner
warren.gardiner@theice.com
+1 770-835-0114
investors@theice.com

Source: Intercontinental Exchange